Heath Byrd - Aug 1, 2022 Form 4 Insider Report for SONIC AUTOMOTIVE INC (SAH)

Role: EVP and CFO
Signature: /s/ Heath R. Byrd
Stock symbol: SAH
Transactions as of: Aug 1, 2022
Transactions value $: -$2,736,194
Form type: 4
Date filed: 8/1/2022, 07:09 PM
Previous filing: Apr 4, 2022
Next filing: Feb 10, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SAH	Class A Common Stock	Sale	-$1.06M	-26.2K	-15.17%	$40.31	147K	Aug 1, 2022	Direct
transaction	SAH	Class A Common Stock	Options Exercise	$1.13M	+67.5K	+46.04%	$16.76	214K	Aug 1, 2022	Direct
transaction	SAH	Class A Common Stock	Sale	-$2.81M	-67.5K	-31.53%	$41.64	147K	Aug 1, 2022	Direct	F1
holding	SAH	Class A Common Stock						23.7K	Aug 1, 2022	by Bucknell Avenue, LLC

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SAH	Options to purchase	Options Exercise	$0	-67.5K	-50%	$0.00	67.5K	Aug 1, 2022	Class A Common Stock	67.5K	$16.76	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This transaction was executed in multiple trades at prices ranging from $41.05 per share to $42.15 per share. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F2	The date indicated is the grant date, and the options vest in three equal installments on the anniversary of the grant date, subject to continued employment requirements and compliance with certain restrictive covenants.

Content

This transaction was executed in multiple trades at prices ranging from $41.05 per share to $42.15 per share. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

The date indicated is the grant date, and the options vest in three equal installments on the anniversary of the grant date, subject to continued employment requirements and compliance with certain restrictive covenants.